The joint policy statement and principles provide integrity standards for carbon credits that both the US government and participants in the voluntary carbon market should aim to follow. On May 28, 2024, the Biden...more
The International Air Transport Association (IATA) and its more than 300 airline members have committed to achieving net-zero carbon emissions by 2050, a goal largely driven by the industry’s use and investment in sustainable...more
The U.S. Department of the Treasury and IRS released Notice 2024-37 on April 30, 2024, regarding the Sustainable Aviation Fuel (SAF) Tax Credit found at Section 40B of the Internal Revenue Code as an income tax credit and...more
As part of the global UN-led effort to tackle climate change, the aviation sector has agreed a basket of measures to decarbonize the industry and achieve net zero carbon emissions by 2050. One of those measures is the Carbon...more
The Environmental Defense Fund (“EDF”) announced the release of a publication titled: The High-Integrity Sustainable Aviation Fuels Handbook (“Handbook”) - The Handbook is authored by Pedro Piris-Cabezas....more
The aviation industry, including air carriers and aircraft manufacturers, has taken significant steps toward increasing the environmental sustainability of the industry. Overall, many airlines have demonstrated a commitment...more
Operators in the aviation sector and the ‘stationary sectors’ (power generation, energy intensive industries, etc.) should note that the environmental regulatory framework for carbon pricing and emissions trading in the...more
The aviation sector accounts for approximately 2% of annual carbon emissions resulting from human activity. Prior to the onset of the global Covid-19 pandemic, passenger numbers were expected to increase to 8.2 billion by...more